If you like this story please SHARE!

Medicinal cannabis: Australia aims to become top exporter


Australia plans to legalise the exportation of medicinal cannabis. The Australian government has said it aspires to be the world's leading exporter of medicinal cannabis. The nation plans to change its regulations to join Canada and the Netherlands in selling products beyond a domestic market. Uruguay and Israel have announced similar plans. Health Minister Greg Hunt said the move would also help local patients. Australia legalised the use of medicinal cannabis in 2016. Using the drug for recreation remains illegal. "Our goal is very clear: to give Australian farmers and manufacturers the best shot at being the world's number one exporter of medicinal cannabis," Mr Hunt said. Changing national regulations will require parliamentary approval. That could happen as soon as February with support from the Labor opposition.

The Australian Broadcasting Corp reported the changes would extend of products including oils, patches, sprays, lozenges and tablets.

Mr Hunt said the change would stimulate the local industry, benefiting Australian patients as much as businesses.

The global market for medicinal cannabis could eclipse $55bn (£40bn; A$70bn) by 2025, according to an estimate by US consultancy company Grand View Research.

Earlier this week, California became the largest US state to legalise the use of recreational cannabis. Originally published here: http://www.bbc.com/news/world-australia-42561711

Featured Posts
Recent Posts
Archive

We advise 18+ Viewers ONLY!

NOTE: The information on this site is provided as an information resource only, and is not to be used or relied on for any diagnostic or treatment purposes, and should not be used as a substitute for professional diagnosis and treatment.

© 2013/2020 Cannabis Club Australia. All Rights Reserved.